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As Prices Rise, Repair and Resale Could Become Economic Lifelines

As Prices Rise, Repair and Resale Could Become Economic Lifelines

by Quinn Waller | May 10, 2025 | Inflation, Personal Income, Retail

At Cobblestone Quality Shoe Repair in St. Louis, third-generation cobbler Randy Lipson is seeing more business than usual. With many shoes made overseas and thus hit by President Trump’s new tariffs, customers are turning to repairing the shoes they already own rather...

What to Look for in April’s Personal Income Report

by Olivya Veazey | Apr 30, 2025 | Personal Income, Uncategorized

When the Commerce Department releases their monthly Personal Income Report tomorrow, it will help us understand how consumers and businesses are responding to an unpredictable economy: saving, spending, and sometimes both. Most economists expect that consumer spending...
Consumer Spending Cautious as Inflation Remains Stubborn

Consumer Spending Cautious as Inflation Remains Stubborn

by Olivya Veazey | Apr 9, 2025 | Inflation, Personal Income

Despite relatively strong income growth, American consumers are still reluctant to spend as they wait to see the full impact of cuts to federal programs, tariffs, and long-lingering inflation. Consumer spending increased 0.4% in February, a rebound from January’s 0.2%...

Deportations and Immigration Restrictions Could Upend National Economies in Sub-Saharan Africa

by Olivya Veazey | Apr 2, 2025 | Featured, Personal Income

When Malick completed his first day of work in the U.S. demolishing a house, he immediately took all the cash he had been paid and sent it to his mother, father, children, and other family members in rural Mauritania and in Senegal. Malick, 39, was part of a group of...

Falling Consumer Spending Reflects Wavering Confidence in Economy

by Olivya Veazey | Mar 3, 2025 | Featured, Personal Income

NEW YORK — Amid mounting fears about confidence in the economy, new data on household spending presents a grim reality: consumer spending dipped in January, suggesting that uncertainty is translating into tighter purse strings. Households decreased spending by 0.2...

Five Things to Watch Out for in the March PCE Report

by Anastasia Tomkin | Apr 26, 2024 | Personal Income

Economists aren’t the only ones anticipating tomorrow’s Personal Income Expenditure Report. The hopes of investors and everyday people are hinging on a continued slow and steady progression of income across America. Disposable personal income increased .2% last month...
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Recent Posts

  • Assembly Required: With hundreds of factories under construction, America is now scrambling to convince a younger generation to take up careers in manufacturing.
  • As trade war with Mexico drags on, border manufacturing awaits its fate
  • Trump’s Targeting of Maine Affecting Access to Food for People Across the State
  • The Workers Missing From America’s Housing Crisis
  • As Prices Rise, Repair and Resale Could Become Economic Lifelines

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About Us

Welcome to Dismal Science, a site covering the economy produced by young journalists in New York City. Email the editor Greg David at gregdavid49@gmail.com.

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